Seattle, November 18, 2021 (GLOBE NEWSWIRE) - According to data from Coherent Market Insights, the global interventional pulmonology market in 2021 is estimated to be worth US$3.5353 billion, and is expected to grow at a compound annual growth rate of 5.4% during the forecast period (2021-2028) ).
The main trends and analysis of the global interventional pulmonology market:
It is expected that during the forecast period, the rising incidence of respiratory diseases such as asthma, chronic obstructive pulmonary disease and lung cancer will promote the growth of the global interventional pulmonology market. For example, according to an article published in the "Translational Lung Cancer Research" in May 2019, there were an estimated 733,000 new lung cancer cases and 610,000 deaths in China in 2015.
As the major players in the market focus on growth strategies, such as acquisitions, which are expected to drive market growth during the forecast period, the global interventional pulmonology market is expected to grow at a compound annual growth rate of 5.4% during the forecast period. For example, after the two companies signed the final agreement, Olympus completed the acquisition of Veran Medical Technologies, Inc. (VMT) in December 2020. Veran Medical Technologies, Inc. (VMT) specializes in interventional lung diseases. Leading supplier of advanced medical equipment. Through the acquisition of Olympus Americas (OCA), a subsidiary of Olympus, Olympus has acquired VMT's global sales network, marketing, manufacturing, R&D and other functions to expand Olympus respiratory products combination.
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Among product types, the bronchoscopy segment is expected to dominate the global interventional pulmonology market during the forecast period. It is expected that increased research and development of robotic bronchoscopy will drive the growth of this segment of the market during the forecast period. For example, in January 2020, researchers at Fox Chase Cancer Center found that robotic bronchoscopy technology is safe, feasible, and reliable for realizing lung cancer diagnosis. In addition, Fox Chase is one of the first cancer centers in the United States to obtain this technology, and it is sold on the Monarch platform. Robotic bronchoscopy is a diagnostic technique used to look inside the lungs and obtain tissue samples for biopsy.
By region, as major players in the market focus on US Food and Drug Administration (FDA) approvals, North America is expected to dominate the global interventional pulmonology market during the forecast period. For example, in October 2018, the commercial medical technology company Pulmonx Corp. announced that the US FDA has approved the Zephyr endobronchial valve system for the treatment of patients with severe emphysema. The Zephyr valve is the first minimally invasive device approved in the United States for the treatment of patients with severe emphysema, a progressive and life-threatening chronic obstructive pulmonary disease (COPD).
Major players operating in the global interventional pulmonology market include Boston Scientific, Olympus, Fujifilm, Becton, Dickinson and Company, Smiths Group plc., Cook Medical, Vygon, PENTAX Medical, Clarus Medical LLC, HUGER Medical Instrument Co., Ltd ., Richard Wolf Corporation, Karl Storz, Taewoong Medical Co., Ltd, and ELLA – CS, sro
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The global interventional pulmonology market, by product type:
The global interventional pulmonology market, by indication:
The global interventional pulmonology market, by end user:
The global interventional pulmonology market by region:
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Coherent Market Insights is a global market intelligence and consulting organization focused on helping many of our clients achieve transformational growth by helping them make key business decisions. We are headquartered in India, with sales offices in Global Financial Capital in the United States, and sales consultants in the United Kingdom and Japan. Our customer base includes participants from various business verticals in more than 57 countries/regions around the world.
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